An exciting evolution to its operational structure, the creation of the Advisory Board bolsters Canopy’s industry expertise, providing it with the industry and business mentorship that it needs to truly disrupt and improve the rental property market in the UK and beyond.

Tahir Farooqui, CEO and founder of Canopy, said, “Canopy is well underway in developing a trust based Rental Ecosystem and improve the rental property infrastructure. Our new Board members are highly experienced in their fields, and are already providing invaluable guidance on how best to accelerate our work. They all share mine and our commitment to enabling ‘Generation Rent’ to enjoy a better experience.”

Rob Wirszycz, Chair of the Canopy board, added: “I’m delighted to be joining Canopy at this point in its growth. While much of the early yards have been made in terms of technology and proposition, the task now is to take RentPassportTM mainstream. This implies a very rapid growth cycle and I’m looking forward to working with Tahir and his team, and adding the wisdom and challenge from our new Advisory Board, to ensure we get there with as few speed-bumps as possible.”

Wirszycz continues: “Canopy has the potential to change the rental ecosystem in the UK and globally. The support we have received so far from all stakeholders is terrific and I have no doubt that this business will succeed in its mission.”

Insurance Edge Comment;

The timing is perfect for new services like Canopy and Credit Ladder. Generation Rent has a real need to build up a good credit score if they’re ever going to get on the housing ladder – even with deposits provided by Bank of Mum and Dad.

If Canopy can win backing from politicians keen to resolve the housing crisis, and in turn those MPs encourage lenders to openly reward those who do the right thing, then tenants who pay the rent, take out contents cover and live within their means will start to use apps like this in large numbers.